Mortgage Banker Salary in Rock Island, Illinois

Mortgage Banker Salary in Rock Island, IL

How much does a Mortgage Banker make in Rock Island, IL? The average Mortgage Banker salary in Rock Island, IL is $117,311 as of April 24, 2024, but the salary range typically falls between $109,908 and $124,939. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of years you have spent in your profession. With more online, real-time compensation data than any other website, Salary.com helps you determine your exact pay target.

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Mortgage Banker Salaries by Percentile
Percentile Salary Location Last Updated
10th Percentile Mortgage Banker Salary $103,167 Rock Island,IL April 24, 2024
25th Percentile Mortgage Banker Salary $109,908 Rock Island,IL April 24, 2024
50th Percentile Mortgage Banker Salary $117,311 Rock Island,IL April 24, 2024
75th Percentile Mortgage Banker Salary $124,939 Rock Island,IL April 24, 2024
90th Percentile Mortgage Banker Salary $131,884 Rock Island,IL April 24, 2024
25% $109,908 10% $103,167 90% $131,884 75% $124,939 $117,311 50%(Median) Didn’t find job title? Click
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Mortgage Banker

Peoples Bank - Orland Park, IL

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Mortgage Collections (Call Center)

Cenlar FSB - Tempe, AZ

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What is a Mortgage Banker ?

Mortgage bank is a bank that specializes in originating and/or servicing mortgage loans. In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital. Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, which are typically large institutions. The credit risk is typically absorbed by the Agencies, which include Fannie Mae, or ...

Source: Wikipedia (as of 04/25/2019). Read more from Wikipedia

See user submitted job responsibilities for Mortgage Banker.

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Job Openings for Mortgage Banker in Rock Island, IL
  • Peoples Bank - Orland Park, IL
    Job Description. Job Description. JOB SUMMARY. We have an exciting opportunities for Mortgage Loan Originators in Northwest Indiana and Southwest Chicagola...
    - 5 Days Ago
  • Cenlar FSB - Tempe, AZ
    Start something good. Empower your career. Cenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of re...
    - 12 Days Ago
  • Cenlar FSB - Tempe, AZ
    Start something good. Empower your career. Cenlar is the nation’s leading mortgage loan subservicer. Our unique culture is defined by our core values of re...
    - 3 Months Ago
  • Cenlar FSB - O'Fallon, MO
    Start something good. Empower your career. Become an employee-owner at Cenlar. Employee owners have made Cenlar the nation’s leading mortgage loan subservi...
    - 2 Months Ago
  • United Wholesale Mortgage - Pontiac, MI
    United Wholesale Mortgage (UWM) is America’s #1 mortgage lender, and *we’re looking for upcoming and recent college grads* who are interested in pursuing a...
    - 3 Months Ago

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Understand the total compensation opportunity for a Mortgage Banker, base salary plus other pay elements

Average Base Salary

Core compensation

 
 
 
109908
124939
117311

Average Total Cash Compensation

Includes base and annual incentives

 
 
 
112328
133226
121633
These charts show the average base salary (core compensation), as well as the average total cash compensation for the job of Mortgage Banker in Rock Island, IL. The base salary for Mortgage Banker ranges from $109,908 to $124,939 with the average base salary of $117,311. The total cash compensation, which includes base, and annual incentives, can vary anywhere from $112,328 to $133,226 with the average total cash compensation of $121,633.

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109908
124939

 

About Rock Island, Illinois    Rock Island is a city in and the county seat of Rock Island County, Illinois, United States. The original Rock Island, from which the city name is der....More

Rock Island, Illinois  area prices were up 1.3% from a year ago

Mortgage Banker Salary in popular cities: Chicago, Aurora, Rockford

Learn more about: Compensation Packages, Employee Flight Risk, Gender Pay Gap, Job Openings for This Role

Jobs with a similar salary range to Mortgage Banker : Closing Team Lead, Mortgage Production Manager, Mortgage Account Manager